Gustav.Mejlvang
Short

GBPUSD looks good for a short as well.

FX:GBPUSD   British Pound/U.S. Dollar
67 1 3
Decent level with the 50% fib smack bang on the level.. D1 bias as well.

However, I will wait and see what happens with the Aussie trade. It's basically the same play; USD strength.

Tip:

Do not take 6 different trades that are highly correlated. You will get your ass handed to you if the play goes wrong.
Gustav.Mejlvang PRO
10 months ago
If price can get to my level today, there is a decent chance of me going short. Price will have moved above its daily average range in pips and mean reversion will probably happen. I will wait and see what happens. Have a nice day everyone!
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